251 19Th St New York, NY 10011
This exceptional 2,256 square foot triplex medical office condominium, located at 251 West 19th Street in the heart of Chelsea, presents a unique investment opportunity. Situated between 7th and 8th Avenues, this suite boasts a private landscaped street entrance and convenient access via the building's lobby and lower-level elevator. The thoughtfully designed space includes two waiting/reception areas (main and lower levels), four restrooms, three exam rooms, two offices/consult rooms, a nurse's station, a lab, a procedure room, three storage areas, and a kitchenette. Central air conditioning is installed on the ground and second floors, supplemented by two split units on the lower level. Currently configured for internal medicine, this adaptable space is suitable for various medical specialties. Alternatively, subject to Department of Buildings and Board approval, it can be converted into a three-bedroom/den, 2.5-bathroom residence. The property benefits from excellent public transportation access via multiple subway lines and bus routes, and its proximity to major hospitals like Lenox Health Greenwich Hospital and NYU Langone enhances its appeal. Additional features include a two-story atrium waiting room, new oversized soundproof windows with motorized shades, and a low monthly common charge of $1,654.61. The annual real estate tax is $38,833.44. Please note a 0.75% flip tax is payable by the buyer, along with two months of common charges.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.